Business Reporter
ZB Financial Holdings reported a profit after tax of ZiG420 million for the first nine months ended 30 September 2026, down 31 percent from ZiG610 million recorded in the same period in 2025, according to its latest trading update.
Despite the lower bottom-line earnings, sustainable profit—which strips out volatile exchange gains and fair value adjustments—surged from ZiG40 million in 2025 to ZiG215 million as the group increased its reliance on core revenue streams.
The trading update highlights a resilient domestic macroeconomic landscape underpinned by Zimbabwe’s gold-backed currency system, which sustained single-digit annual inflation through the third quarter.
Exchange rates remained tight, with the Zimbabwe Gold depreciating marginally by 0,4 percent from US$1 to ZiG26,7965 by the end of September.
Against this stable backdrop and rising foreign exchange reserves—which reached about US$2 billion—the Reserve Bank of Zimbabwe reduced its policy rate by 7,5 percentage points to 27,5 percent.
ZBFH capitalised on the broader economic stability to expand its balance sheet.
Total assets climbed 28 percent to ZiG20,53 billion as of 30 September 2026, compared to ZiG16,08 billion at the close of December 2025.
